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Newport Exploration Ltd V.NWX

Alternate Symbol(s):  NWXPF

Energy Oil & Gas E&P
Newport Exploration Ltd is a Canada-based natural resource company. The Company is engaged in the acquisition and exploration of resource properties. In addition, the Company holds a 2.5% gross overriding royalty interest (the Royalty) on any hydrocarbons produced on certain petroleum exploration and production licenses in Australia. These include licenses being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both major Australian oil and gas producers. The Company’s mineral exploration project is the Chu Chua Copper Gold Deposit (Chu Chua), which is located approximately 30 kilometers north of Kamloops, British Columbia. The deposit is a Cyprus-type volcanogenic massive sulfide body hosted in two steeply dipping lenses of massive pyrite-chalcopyrite and magnetite up to 40 meters (m) thick, with a known strike length of 400 m and a known depth of 250 m.


TSXV:NWX - Post by User

Newport Exploration Ltd
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Comment by oilconsultanton Oct 27, 2016 3:08pm
41 Views
Post# 25394381

RE:RE:next royalty...

RE:RE:next royalty...they could buy a parcel of land, drill  a well or two and have a write off... I sure wish they would do something better than giving to the tax man...  find a jv partner to work with... Rozier has the knowledge to do the exploration work...he made a living doing it with some multi national in the past... I think he worked at BP at one time doing international exploration work...

if it were Trump.... he would find a way to get out of it, for sure he would...LOL
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